{"id":192423,"date":"2009-04-02T05:05:00","date_gmt":"2009-04-02T10:05:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/04\/02\/file-under-i-used-to-be-disgusted-now-i-try-to-be-amused\/"},"modified":"2009-04-02T05:05:00","modified_gmt":"2009-04-02T10:05:00","slug":"file-under-i-used-to-be-disgusted-now-i-try-to-be-amused","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/04\/02\/file-under-i-used-to-be-disgusted-now-i-try-to-be-amused\/","title":{"rendered":"File Under: I Used to Be Disgusted, Now I Try to Be Amused"},"content":{"rendered":"<p>It appears that the Treasury Department is <a href=\"http:\/\/www.mcclatchydc.com\/227\/story\/65195.html\">stonewalling the body charged with monitoring the various bank bailouts<\/a>.<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>But &#8220;without a clearer explanation&#8221; about parts of the program, &#8220;it is not possible to exercise meaningful oversight over Treasury&#8217;s actions,&#8221; said Elizabeth Warren, a Harvard Law School professor who leads a special congressional oversight panel monitoring the TARP program. Her comments came in a Senate Finance Committee hearing on the bailout program.<\/p>\n<p>Noting that TARP passed Congress six months ago, Warren said that her group has repeatedly called on the Treasury Department to provide a clear strategy for the program \u2014 and that &#8220;the absence of such a vision hampers effective oversight.&#8221;<\/p><\/blockquote>\n<p>Dr. Warren, this is not a <span style=\"font-weight: bold;\">but<\/span>, it&#8217;s a <span style=\"font-weight: bold;\">feature<\/span>.<\/p>\n<p>Geithner is a former Federal Reserve Bank of New York president.  Opacity and secrecy are how they think that it&#8217;s <span style=\"font-weight: bold;\">supposed<\/span> to work.<\/p>\n<p>That&#8217;s the whole idea behind the Federal Reserve system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It appears that the Treasury Department is stonewalling the body charged with monitoring the various bank bailouts. But &#8220;without a clearer explanation&#8221; about parts of the program, &#8220;it is not possible to exercise meaningful oversight over Treasury&#8217;s actions,&#8221; said Elizabeth Warren, a Harvard Law School professor who leads a special congressional oversight panel monitoring the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,985,982],"tags":[],"class_list":["post-192423","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-regulation","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192423"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192423"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192423\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}